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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: DragonBoy who wrote (61037)	7/23/1998 1:21:00 PM
From: Joey Smith	Respond to of 186894

All: copied from CBS marketwatch. comments about this new Xeon bug??? joey Intel: warring analysts Intel (INTC) shares surged 1 1/2 to 83 7/8 as an optimistic report from BancAmerica Robertson Stephens overshadowed negative comments by two other analysts. Robertson Stephens analyst Dan Niles said the company is headed for a turnaround as demand has picked up for both low- and high-end processors, average selling prices are increasing and PC makers have nearly completed inventory corrections. Merrill Lynch analyst Thomas Kurlak, meanwhile, issued a research report saying that Intel has lowered the price of its less-expensive Celeron chip in order to catch up with its competitors in the low-end PC space. Kurlak has been expressing concern about the negative effects of pricing pressure on chip makers for some time. Additionally, Piper Jaffray analyst Ashok Kumar said Intel is experiencing further production problems with its Xeon server chip. Kumar said the chip has a more serious flaw than initially thought, and the company has frozen shipments to correct the bug. Kumar expressed concern that the company could suffer if the company delays shipments for an extended time. "September-quarter revenues -- not only for Intel but also for the PC vendors -- could be materially impacted," Kumar said. Most chip makers drifted lower, however. Broadcom (BRCM) fell 4 1/4 to 65, Rambus (RMBS) fell 1 1/8 to 56, Altera (ALTR) fell 1 1/8 to 37 1/4 and Texas Instruments (TXN) fell 3/4 to 60 1/4.